CDM-CYBER-DEFENSE-eMAGAZINE-March-2019

y Nationwide, an insurance company. Kingsbridge Group, a British specialist insurance services
provider, acquired insurrect company Dinghy.
Marsh Introduces Tool for Cyber Insurance
In January ‘19, a new cyber self-evaluation tool was launched by Marsh that includes the latest
insights on cyber security high-quality practices to provide customers with a strong cybersecurity
program diagnostic. It also helps smoothen the procurement procedure by serving as a single
application for cyber insurance. The innovation makes use of information on organizational
cybersecurity controls, technology, and people and figures out the strengths and flag areas of
concern for underwriters. Thomas Reagan, US cyber practice leader at Marsh said, “In today’s
fast-evolving cyber risk landscape, firms want to be able to gain greater insight into their
cybersecurity preparedness. Marsh’s enhanced online cyber self-assessment provides clients
with a comprehensive view of their cybersecurity program maturity, coupled with a streamlined,
easy-to-use cyber insurance application process.”
Nationwide Buys E-Risk Services
In January 2019, Nationwide completed the acquisition of E-Risk Services with the aim of
enhancing its business by expanding its distribution relationships through the latter’s wholesale
network. E-Risk Services is a company that provides management liability coverages for various
organizations such as commercial crime, cyber and technology, employment practices, and more
via its Business and Management (BAM) package insurance product. According to Nationwide,
the products offered by E-Risk would strengthen its excess and surplus line offerings for small
and medium-sized enterprises and enhance its focus on growing both management lines and the
program business space. Paul Tomasi, president at E-Risk Services, said that Nationwide has
been a great supporter and partner for the growth of their company and the deal shows
Nationwide’s true commitment to their wholesale broker distribution partners and several current
and future policyholders insured through the E-Risk program. He said that they are glad about
the acquisition as it brings many great opportunities and possibilities for their company.
Dinghy Acquired by Kingsbridge Group
The acquisition of Dinghy by Kingsbridge Group is aimed at expanding their ability to reach a
broader segment of the important creative markets where freelancers demand a different
approach to insurance and an enhanced user experience. Dinghy’s robust product and
technology and Kingsbridge’s excellent marketing and commercial power allow the two
companies to enhance their product offering to their clients and thereby accelerate their growth
opportunities. Dinghy is a company that provides public liability, equipment covers, legal
expenses, and cyber liability via their mobile-first website and Kingsbridge provides insurance
services contractors, freelancers, the recruitment and utility industries, and others.